BI’s Article search uses Boolean search capabilities. If you are not familiar with these principles, here are some quick tips.

To search specifically for more than one word, put the search term in quotation marks. For example, “workers compensation”. This will limit your search to that combination of words.

To search for a combination of terms, use quotations and the & symbol. For example, “hurricane” & “loss”.

Login Register Subscribe

Average P/C rates fell 9% in November: MarketScout


DALLAS--The average rate of all lines of commercial property/casualty insurance fell 9% in November compared to the composite rate of a year earlier, Dallas-based MarketScout reported Tuesday.

According to MarketScout, workers compensation and general liability represented the largest segment of the market and were down 9% and 10%, respectively.

Umbrella/excess coverages fell 8%, which commercial property, business interruption and inland marine continued to soften further with rate decreases of 4%. Professional liability was down 5%, and directors and officers liability dropped 3%, as did employment practices liability. Commercial automobile and fiduciary each dropped by 1%.

But crime and surety coverages experienced a slight price increase, with each up 2%, according to the electronic insurance exchange.

Manufacturing accounts experienced the largest drop--11%--while transportation accounts registered the smallest at 1%.